House of Multiple Occupation
DRAFT DETAILS
***High yield residential investment opportunity***
Situated within walking distance of the city centre and the fashionable Friar Gate area of Derby is an extremely well equipped terraced property currently producing a combined rental income of £18,720 per annum. This represents an impressive 13.8% return based on the guide price (currently let on 4x contracts).
The uPVC double glazed and gas centrally heated living accommodation in brief comprises, front sitting room, fitted kitchen with built-in-appliances and bedroom one with en-suite shower. To the first floor the landing leads to bedroom two with en-suite shower room, bedrooms three and four and a bathroom with three piece suite. Outside to the rear there is an enclosed garden.
The property occupies a very popular residential location also being well positioned for the inner ring road, A38 and the Royal Derby Hospital.
Let on an Assured Shorthold Tenancy at £375 per calendar month.
Let on an Assured Shorthold Tenancy at £375 per calendar month.
Let on an Assured Shorthold Tenancy at £485 per calendar month.
Let on an Assured Shorthold Tenancy at £325 per calendar month.
Fitted with a three piece suite in white.
Good sized garden to the rear.
The internal photos have been supplied by the seller and illustrate the property before the property was let.
The property is currently arranged as four lettable rooms however it does not currently have a HMO licence. We advise interested parties to make their own enquiries of Derby City Council in this respect prior to placing their bid, as this will be binding.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
